Credit-check firm Experian on track for double-digit growth

16-04-2008

Credit-check firm Experian on track for double-digit growth
Information services company Experian has posted organic revenue growth of two per cent for the six months to March 31st 2008.

Group organic revenue rose two per cent in the third quarter and one per cent in the fourth quarter.

Experian, which offers credit-checking services and analysis, said market conditions in the US and UK continued to be challenging as consumer demand for financial products – and therefore demand for credit checks – dropped.

The company's credit services and marketing services units both experienced a one per cent decline in revenue growth over the period, although this was offset by seven per cent growth gains in its data analysis division, Decision Analytics.

Several acquisitions over the second half - Tallyman, Hitwise, pH Group and N4 Solutions - boosted total revenue growth to 21 per cent.

Don Robert, Experian's chief executive, said: "Experian's strong portfolio of businesses enabled the group to deliver a good second-half performance, despite continuing marketplace challenges in the US and the UK. For the full year, we expect double-digit EBIT growth, unchanged from our previous expectations."

Experian will issue its full year results announcement on May 21st 2008.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure